How 2016 Has Been A Tale Of Two Stock Markets

Betting on fast-growing technology companies has been a winning trade for the last few years, and coming in to 2016 a number of investors predicted the runaway train best illustrated by the so-called FANG stocks would slow down, if not derail. For the first six months those calls looked to be on the mark, but since the Brexit scare that spooked markets at the end of June returns have almost entirely reversed.